Gold Breakout and Potential RetraceHey Traders, in tomorrow's trading session we are monitoring XAUUSD for a buying opportunity around 3,340 zone, Gold was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 3,340 support and resistance area.
Trade safe, Joe.
Elliott Wave
HOOD — In Key Macro Resistance ZonePrice has reached a major resistance zone, with the 110 level marking an ideal spot where downside pressure may begin to dominate and a mid-term top could start forming. Macro support for the macro-uptrend structure is at the 80–65 area.
Hedging near current levels may be prudent - especially ahead of earnings and while volatility remains relatively cheap.
Weekly view
Daily view:
Thank you for your attention and I wish you successful trading decisions!
Bittensor TAO Eyes Next Upside Target📈 BINANCE:TAOUSD attracted strong demand in the Blue Box buying zone at $302–$214, triggering the next bullish leg.
Elliott Wave projections now point toward a move into the $608–$684 target area, supported by impulsive structure and rising momentum.
As long as price holds above the recent low, the bullish sequence remains intact.
Gold. 14.07.2025. The plan for the next few days.The nearest resistance zones are where it's interesting to look for sales. It's not certain that there will be a big reversal, but I think we'll see a correction. We're waiting for a reaction and looking for an entry point.
The post will be adjusted based on any changes.
Don't forget to click on the Rocket! =)
XAU/USD (GOLD) – Potential Bullish Continuation After ConvergenOn the 1H chart, we are currently observing a potential bullish continuation setup forming on XAU/USD. Here’s a detailed breakdown:
🔍 1. AO Bullish Convergence
The Awesome Oscillator (AO) shows a clear bullish convergence, suggesting momentum is building in favor of the bulls. This typically signals a potential continuation of the uptrend, especially when paired with structural confirmations.
🌀 2. Elliott Wave Count
Wave 1, 2, and 3 are already established on the chart.
Price is currently retracing, potentially forming Wave 4, with Wave 5 yet to be completed.
The retracement aligns with classic Fibonacci levels, with a potential bounce zone forming at the 1.618 fib extension near 3330–3327, which also acts as a strong SNR zone (support now after previous resistance).
📊 3. Break of Structure (BOS)
A clear Break of Structure (3351) confirms bullish intent after wave 3.
Price retracement toward the 1.618 zone could present a buying opportunity, as long as this level holds.
🧭 4. Entry Strategy
✅ Buy Bias:
Watching for price to enter 3330–3327 zone (1.618 fib + SNR zone).
Confirmation needed: Look for another BOS within this zone before entering long.
If BOS forms inside this area, we can anticipate a continuation into Wave 5 toward the 3,375 and beyond.
❌ Invalidation:
Setup will be considered invalid if price breaks and closes below the 1.618 zone (3327).
This would invalidate Wave 4 support and could signal a deeper correction or trend reversal.
🎯 Target Projection:
If the setup holds, potential Wave 5 target is projected toward the top zone near 3,410–3,420, based on fib extension and previous price action.
📌 Conclusion:
This is a classic bullish Elliott Wave continuation setup backed by AO convergence and structural confluences. Patience is key—wait for BOS confirmation at the 1.618 zone before entering. Always manage risk, especially near fib extension zones.
📅 Published on: July 14, 2025
📍 Timeframe: 1H
💬 Feel free to share your thoughts or setups below. Trade safe!
Gold Roadmap=>Short termGold ( OANDA:XAUUSD ) currently appears to have broken through the Resistance zone($3,350-$3,325) .
The Resistance zone($3,350-$3,325) was broken with the help of the Descending Broadening Wedge Pattern , the upper line of this classic pattern having served as an important resistance line for us in previous ideas .
In terms of Elliott wave theory , Gold has completed the Double Three Correction(WXY) within the Descending Broadening Wedge Pattern . It is currently completing the next five impulse waves . Wave 5 of these waves could end in the Potential Reversal Zone(PRZ) .
I expect Gold to rise to the Potential Reversal Zone(PRZ) , and of course, given the momentum of gold approaching PRZ , we can also look for Short positions in PRZ .
Note: Stop Loss (SL) = $3,329
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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NIFTY50.....Are you crazy?Hello Traders,
with an "over-night" delay (for which I apologize), here is a brand-new analysis for NIFTY50!
The N50 has dropped, 'caused by the announced Tariffs for the "BRICS" countries.
The "Orange-man" who took residential at Pennsylvania Avenue at DC announced again tariffs at a record high for the BRICS-countries! Anyway! One step forward, one step back! This is clown's business!
The chart analysis:
N50 dropped to a low @ 25001.95 this morning. Here, a buy-signal occurred that would be activated @ 25109 points. Stop-loss must be set @25100!
The multi-week target, I have announced some weeks ago, are still valid.
While price break below the rising trend-line, connecting the high @25116 and 25222 a first target would be exactly at the level of 25350 (+/-) depending on when and if it will be touched!
In fact, the wave pattern could be also a wave 2, difficult to count, but still possible.
It needs a decline below 23246 points to eliminate this count!
While markets are unpredictable, 'caused by the US tariffs politics, it is very difficult to forecast the moves.
Probably one got argument would be, to pause the trading and wait til markets get less volatile.
That's it for today.
Have a great week.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
GBPUSD → Correction amid a global bullish trend...FX:GBPUSD is testing the 1.345 - 1.35 area as part of a correction. The price is closing the imbalance zone and testing support, which may trigger a reaction. Further developments will largely depend on the dollar, which is testing resistance.
The daily market structure is quite strong. The correction against the backdrop of a strong trend is within acceptable limits, and bulls should fight to keep the price away from risk zones. GBPUSD, as part of the correction, closes the imbalance zone of 1.34 - 1.35 (0.7 - 0.79f) and forms a false breakdown of the intermediate support level of 1.3476. If buyers hold their ground in the 1.347-1.35 zone, the currency pair will be able to return to the global trend.
Support levels: 1.3476, 1.345, 1.3382
Resistance levels: 1.3511, 1.359, 1.375
Price consolidation above 1.349 - 1.350 will confirm the market's intentions. In this case, we can expect growth to 1.36 - 1.374.
Best regards, R. Linda!
XAUUSD - POSSIBLE BIG LONG MIDTERM TRADESAXO:XAUUSD
XAUUSD - POSSIBLE BIG LONG MIDTERM TRADE📈
XAUUSD has gone the half of my take profit, so I decided to close 1/2 of my position here and put my stop loss at an entry price. Still, we have good chance to go towards upper border of the triangle, just want to reduce the risk.
XAUUSD has been trading sideways and has formed a Triangle pattern since April 23d. Looks like the price found a balance between supply and demand. Currently the price is sitting on a lower border of a triangle and potentially is forming the Wave D, according to Elliot Triangle Wave formation.
Trade cautiously!
BITCOIN → Stopping after the rally? What next? 125K or 110K?BINANCE:BTCUSDT rose and updated its historical maximum to a new record of 118K with “kopecks” (different prices on different exchanges). Now the price has supposedly stopped and entered a consolidation phase, but it is too early to draw any conclusions based on this alone...
Fundamentally, Bitcoin rose following the SP500 and NQ100 indices. The reasons are clearly geopolitical. The correlation level is not high, but the flagship is following the stock indices, which are also updating their historical highs.
Technically, Bitcoin has emerged from a two-month consolidation and entered a realization phase. So what's next? Continuation of the phase or correction? Let's take a look.
On the daily chart, I would highlight two zones. The risk and sell zone is below 117,500. If the price closes below this zone today/tomorrow, we will most likely be able to look for signals for a possible correction. As part of the correction, we can expect a decline to 115,500, 114,300, or even to the old ATH of 112K.
The second zone is the buying zone. A closing price above 118,400–118,900 and consolidation with the gradual formation of a breakout of structure may hint at a possible continuation of growth toward psychological targets.
Resistance levels: 118,400, 118900
Support levels: 117100, 116700, 115500
In the chart above, I have highlighted the situations, levels, and zones that interest me more precisely.
Now I am waiting for Bitcoin to retest resistance or support and confirm certain levels, based on which decisions can be made. I think that in the near future, Bitcoin will show us where it is headed. Updates will be published as something interesting emerges...
Best regards, R. Linda!
$COPPER triangle trade?CAPITALCOM:COPPER triangle has potentially printed and a triangle is an Elliot wave pattern that results in a terminal thrust up to complete a motif wave.
That would trap bulls as price terminates with a poke above the all time high keeping them believing they can capture the same gains already gone.
After the termination wave 2 often finds support at the triangle base.
Safe trading
20250714-XAUUSD IdeaA clear impulse–correction–impulse structure has emerged in the major timeframe. A 1:1 upward movement is anticipated, potentially reaching the upper resistance zone and completing wave 4 of a contracting triangle. Monitor whether the price retests the 3343 level and observe the completion timing of wave C within the corrective ABC structure.
#Banknifty directions and levels for July 14th:Current View:
Structurally, there has been strong selling pressure. So, if the market consolidates or breaks the support with a solid candle, we can expect the correction to continue.
Alternate View:
On the other hand, if the market finds support near the immediate support level or if the initial move takes a pullback, we can expect a maximum 38% to 50% pullback in the minor swing.
Even if that happens, the trend may still remain bearish in the lower time frame. So, if the market starts to reject around the 38% Fibonacci level on the upside, we can expect the downtrend to resume.
In simple terms, if a pullback occurs, we may see a range-bound market.
#Nifty directions and levels for July 14th:Good morning, Friends! 🌞
Here are the market directions and levels for July 14th:
The global market continues to maintain a moderately bearish sentiment, and our local market is also reflecting the same tone.
So, what can we expect today?
Current View:
Structurally, there has been strong selling pressure. So, if the market consolidates or breaks the support with a solid candle, we can expect the correction to continue.
Alternate View:
On the other hand, if the market finds support near the immediate support level or if the initial move takes a pullback, we can expect a maximum 38% to 50% pullback in the minor swing.
Even if that happens, the trend may still remain bearish in the lower time frame. So, if the market starts to reject around the 38% Fibonacci level on the upside, we can expect the downtrend to resume.
In simple terms, if a pullback occurs, we may see a range-bound market.
Multiple Nested Wave 3s on Arbitrum! Super Bullish!!🧙♂️I have an Elliott Wave count to share with you showing a super bullish Triple 1,2 in the 3rd wave of the Red impulse playing out. Meanwhile, we are currently in the third wave of the 5th wave of the Blue impulse, which contains in itself more nested waves in the form of a triple 1,2. Chart is shown on the 15 min TF, but I included a pic for viewing the LTF subwaves on the 3 min TF. Not financial advice as I am still a student of the wave principle. Happy trading! 🌊🏄♂️